Eastern Funding added industry veteran Matt Westphal as a loan officer. Westphal has more than 12 years of experience in commercial laundry equipment lease and loan originations as well as the cultivation of new distributor relationships and maintenance of relationships.

Westphal has experience in coin and card operated laundries, OPL and the multiple housing sectors. He has worked with commercial laundry distributors throughout the U.S.

“Matt is an established commercial laundry lender whose extensive knowledge of our industry will be a valuable resource to both equipment distributors and borrowers. We are excited to add him to our team as we continue to secure Eastern Funding’s position as the leader in commercial lending,” Tony Regan, senior vice president of sales and marketing for Eastern Funding, said.

Westphal is based in Ripon, WI, and will work closely with Eastern Funding’s New York City-based operations to expand the company’s national reach.

Eastern Funding, a subsidiary of Brookline Bank, is a commercial lender to vended laundries, dry cleaners, convenience stores and other businesses.